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Berkshire and its affiliates reported holding 3.9 million shares as of March 31, 2000, down from 20 million shares reported as of Sept. 30, 1999, according to filings with the Securities and Exchange Commission.
António Horta-Osório was recruited in March from the Spanish bank Santander to run Lloyds Banking Group on a package of pay and shares reported to be worth £12m, but eight months later is off with stress.
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8.49am BST There's about 20 buyers for every seller of Royal Mail shares, reports the BBC's Simon Jack.
The profit exceeded the average estimate of 15 cents a share reported by Thomson Financial.
Fourth-quarter net income was $742 million, rather than the $665 million, or $1.64 a share, reported on Jan . 24 the company said.
Net income dipped to $881 million, or 31 cents a share, compared with $1.2 billion, or 41 cents a share, reported a year ago.
Operating profits were down 9percentt from $714 million, or 73 cents a share, reported for the comparable period last year.
That was still a 50percentt increase over the 12 cents a share reported in the second quarter of 2000.
It reported net income of $2.98 billion, or 33 cents a share — a 32percentt drop from the $4.39 billion, or 47 cents a share, reported in the period last year.
The loss of 60 cents a share was in contrast to net income of $162 million, or 42 cents a share, reported by Phillips Petroleum in the period in 2001.
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